1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna11 [10]
3 years ago
13

Star Appliance sells previously owned appliances. Each appliance carries a one-year warranty against defects. Suppose that appli

ance sales for the entire month of December are $50,000. The company expects future warranty costs to be 3% of sales. What amount should Star Appliance report as a liability on December 31?
Business
1 answer:
lawyer [7]3 years ago
6 0

Answer:

$1,500

Explanation:

Data provided in the question

Sales for the appliances for the entire month = $50,000

Expected future warranty cost = 3% of sales

By considering the above information, the amount that should be reported as a liability is    

= Sales for the appliances for the entire month × Expected future warranty cost

= $50,000 × 3%

= $1,500

Simply we multiplied the sales with the given percentage so that the liability amount could arrive

You might be interested in
One function of a firm to its employees is to provide them with proper working conditions and pay them accurate wages and salari
Juliette [100K]

Answer:

true

Explanation:

6 0
3 years ago
Read 2 more answers
the butler county tax assessor determines that the market value of greg wilsons home is $123000. the rate of assessment in butle
MrRa [10]
In this case, the assessed value is 28% from the market value. So, we need to get 28% from $123,000.

Expressed in figures, we have;
*$123,000 x 0.28 = $34,440.

The assessed value of Greg's home is $34,440, which is 28% of $123,000.
7 0
3 years ago
You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity t
Vlada [557]

Answer:

No

Explanation:

An investment that "promises" a 44 percent annual return is most likely a scam, because even the riskiest stocks rarely yield annual returns higher than 10% of the initial investment.

Besides, the option is described as very complicated, and you as a potential investor do not understand it well, which is a very difficult position to be in because it could even lead you to being scammed without realizing.

4 0
3 years ago
When a company has high operating leverage: Select one: A. It has low fixed costs. B. It borrows to cover most costs. C. It has
docker41 [41]

Answer:

C. It has high fixed costs relative to variable costs is the correct answer.

Explanation:

4 0
3 years ago
A network good is a good that people benefit ______ from as ______ people use it.
melamori03 [73]

A network good is a good that people benefit more from as more people use it.

‍BALTIMORE, MD (January 5, 2022) – Camden Partners today is a Strategic Fund V Portfolio Company, a Certified B Corporation, and a leading provider of cloud-based fundraising software for nonprofits. Network for Good announced that it has entered into an agreement to acquire. Founded by Social Good Software Platform backed by Apax.

Network Good is a licensed US software company owned by B Corporation that provides fundraising software and coaching to charities and nonprofits. The company he founded in 2001 by America Online, Cisco Systems, and Yahoo! Since its inception, it has processed over $2.2 billion in donations.

Learn more about networking good at

brainly.com/question/1027666

#SPJ4

5 0
2 years ago
Other questions:
  • The unit cost of a product is required to compute:
    6·1 answer
  • Munafo Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to
    8·1 answer
  • Using the tables above, if an investment is made now for $20,000 that will generate a cash inflow of $8,000 a year for the next
    7·1 answer
  • Determine the total assets of Novak Corp. at December 31, 2020.
    5·1 answer
  • Intro to Investing Math Quiz
    5·1 answer
  • Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,520,000; sales returns and allowa
    7·1 answer
  • How long does it take to be an immigration lawyer and what’s the average salary?
    15·2 answers
  • Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh
    14·1 answer
  • The balance sheet for Monty Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $1
    6·1 answer
  • suppose that when the price of hamburgers​ decreases, the ruiz family increases their purchases of ketchup. to the ruiz​ family,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!